A new paper from Russell takes issue with the traditional two strategies recommended by financial advisers to hedge against longevity risk: buying guaranteed annuities and/or reducing spending should markets under-perform expectation.
Data & Research
You might consider it just another “Hallmark Holiday″, but this Sunday is Grandparent’s Day.
Baby Boomer business owners are least likely to turn to a financial planner for guidance on running their business.
The average value of newlyweds’ combined assets is approximately $107,000, but few are protecting their financial future through life insurance, according to a recent survey by Allstate Insurance Company.
In a business notorious for change, it nonetheless seems fair to say that the past twelve months have been extraordinary ones indeed for financial advisers.
American investors are more worried about losing money on their investments and saving for retirement than they are about losing their job, buying a house or paying for college.
Over half (53%) of pre-retirees indicated they are concerned about outliving their retirement savings, according to the Fidelity Research Institute.
Employers who have turned to auto enrollment to boost 401(k) participation should not rely too heavily on their company match to help keep employees from opting out.
Most (67%) female business owners choose financial products and services based on their relationship and experience with a lender.
Two-thirds (67%) of individuals who rolled a balance over to a personal IRA did so using a professional adviser, says a new report from Spectrem Group.
Only 16% of respondents surveyed by Thrivent Financial Services for Lutherans said they had undertaken a formal retirement planning process with an adviser, though 34% said they had done serious calculations of their retirement needs on their own.
Seven out of 10 respondents to a recent poll said they would be moderately or very interested in one-on-one financial planning if offered through their employer and nearly nine in 10 (87%) said a financial planning benefit would make them feel their employer values their efforts.
Only one-third (34%) of workers in a recent poll by Robert Half Management Resources said they plan to quit work entirely when they are ready to retire.
More than half (56%) of employees say they are financially worse off this year than they were last year, and 30% say they are one major setback away from disaster.
Feeling a bit under the weather?
Americans need to add a fourth leg to the traditional “three-legged stool″ paradigm to properly prepare themselves for life after their full-time work lives come to an end, according to the financial services firm.
A research paper authored by a trio of university economists argues that most of the concerns that Americans’ retirement savings are insufficient to pay for their golden years are overstated.
Fidelity Investments snagged the top overall spot in Kasina’s ranking of defined contribution plan Web sites for participants, while the Vanguard Group came in first for plan sponsors.
A new white paper from the Principal Financial Group offers a perspective on the new role of a fiduciary adviser.
What would broker-dealers do with an extra $100,000 to invest in their businesses? Spend it on technology.